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[The following information applies to the questions displayed below.] Edwards Corporation operates hair salons under various brand names. The following is a simplified list of
[The following information applies to the questions displayed below.] Edwards Corporation operates hair salons under various brand names. The following is a simplified list of accounts and amounts (in millions) reported in the company's accounts for the year ended June 30, 2019. Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Amortization Expense Cash Common Stock Depreciation Expense Equipment Income Tax Expense Interest Expense Notes Payable (long-term) Office Expense Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Software Supplies Supplies Expense $84 48 38 328 3 88 112 53 476 2 1 248 206 51 290 298 471 99 1,088 363 95 148
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